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NASDAQ:PENN

Penn National Gaming - PENN Stock Forecast, Price & News

$37.70
+2.10 (+5.90%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.92
$37.86
50-Day Range
$26.91
$37.70
52-Week Range
$26.46
$86.40
Volume
2.84 million shs
Average Volume
4.15 million shs
Market Capitalization
$5.98 billion
P/E Ratio
30.90
Dividend Yield
N/A
Price Target
$62.50

Penn National Gaming MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
65.8% Upside
$62.50 Price Target
Short Interest
Healthy
6.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
-0.02mentions of Penn National Gaming in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.03%
From $1.45 to $1.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Consumer Discretionary Sector

86th out of 289 stocks

Hotels & Motels Industry

8th out of 26 stocks

PENN stock logo

About Penn National Gaming (NASDAQ:PENN) Stock

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. As of December 31, 2021, the company owned, managed, or had ownership interests in 44 gaming and racing properties in 20 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L'Auberge, M Resort, and My Choice. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

Wall Street Analysts Forecast Growth

PENN has been the topic of several research analyst reports. Credit Suisse Group lowered their price target on Penn National Gaming to $66.00 in a research report on Tuesday. Wells Fargo & Company lowered their target price on Penn National Gaming from $48.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Truist Financial cut their price target on shares of Penn National Gaming from $60.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. Jefferies Financial Group raised shares of Penn National Gaming from a "hold" rating to a "buy" rating and set a $49.00 price objective on the stock in a research note on Wednesday, May 18th. Finally, Barclays increased their target price on shares of Penn National Gaming from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Penn National Gaming has a consensus rating of "Moderate Buy" and a consensus price target of $62.50.

Penn National Gaming Stock Up 5.7 %

Penn National Gaming stock traded up $2.03 during mid-day trading on Friday, hitting $37.63. The company's stock had a trading volume of 73,637 shares, compared to its average volume of 3,095,628. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.90 and a quick ratio of 1.90. Penn National Gaming has a 52-week low of $26.46 and a 52-week high of $86.40. The firm's 50 day moving average is $32.14 and its 200 day moving average is $37.67. The company has a market cap of $5.97 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 4.36 and a beta of 2.23.

Penn National Gaming (NASDAQ:PENN - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.35). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.60 billion. Penn National Gaming had a return on equity of 5.65% and a net margin of 3.33%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, analysts anticipate that Penn National Gaming will post 1.45 earnings per share for the current year.

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PENN Stock News Headlines

Read How Penn National Gaming Fared In Q2
Recap: Penn National Gaming Q2 Earnings
Penn National Gaming (PENN) Q2 Earnings Lag Estimates
Penn National Gaming (NASDAQ:PENN) PT Lowered to $48.00
Expert Ratings for Penn National Gaming
See More Headlines
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PENN Company Calendar

Last Earnings
8/04/2022
Today
8/12/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:PENN
CUSIP
70756910
Employees
21,973
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$62.50
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+65.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$420.80 million
Pretax Margin
5.70%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.90 per share
Book Value
$23.63 per share

Miscellaneous

Free Float
155,693,000
Market Cap
$5.98 billion
Optionable
Optionable
Beta
2.23

Social Links


Key Executives














PENN Stock - Frequently Asked Questions

Should I buy or sell Penn National Gaming stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PENN shares.
View PENN analyst ratings
or view top-rated stocks.

What is Penn National Gaming's stock price forecast for 2022?

18 analysts have issued 12 month price objectives for Penn National Gaming's shares. Their PENN share price forecasts range from $38.00 to $115.00. On average, they anticipate the company's share price to reach $62.50 in the next year. This suggests a possible upside of 66.2% from the stock's current price.
View analysts price targets for PENN
or view top-rated stocks among Wall Street analysts.

How have PENN shares performed in 2022?

Penn National Gaming's stock was trading at $51.85 at the beginning of the year. Since then, PENN stock has decreased by 27.5% and is now trading at $37.61.
View the best growth stocks for 2022 here
.

Are investors shorting Penn National Gaming?

Penn National Gaming saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 9,440,000 shares, a drop of 22.4% from the June 30th total of 12,160,000 shares. Based on an average daily volume of 4,140,000 shares, the days-to-cover ratio is presently 2.3 days.
View Penn National Gaming's Short Interest
.

When is Penn National Gaming's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PENN earnings forecast
.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc. (NASDAQ:PENN) posted its earnings results on Thursday, August, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.35. The firm earned $1.63 billion during the quarter, compared to analyst estimates of $1.60 billion. Penn National Gaming had a net margin of 3.33% and a trailing twelve-month return on equity of 5.65%. Penn National Gaming's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS.
Read the conference call transcript
.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its Board of Directors has approved a share repurchase plan on Thursday, February 3rd 2022, which authorizes the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.36 billion.

What is Jay Snowden's approval rating as Penn National Gaming's CEO?

30 employees have rated Penn National Gaming Chief Executive Officer Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of Nova Scotia (1.30%), Bank of Nova Scotia (1.30%), National Bank of Canada FI (0.29%), Deutsche Bank AG (0.26%), Swiss National Bank (0.25%) and Jennison Associates LLC (0.19%). Insiders that own company stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
View institutional ownership trends
.

How do I buy shares of Penn National Gaming?

Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $37.61.

How much money does Penn National Gaming make?

Penn National Gaming (NASDAQ:PENN) has a market capitalization of $5.96 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does Penn National Gaming have?

The company employs 21,973 workers across the globe.

Does Penn National Gaming have any subsidiaries?

The following companies are subsidiares of Penn National Gaming: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..
Read More

When was Penn National Gaming founded?

Penn National Gaming was founded in 1972.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for the company is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.

This page (NASDAQ:PENN) was last updated on 8/12/2022 by MarketBeat.com Staff

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